Last post on Mar 19, 2013 at 7:10 PM
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Ford Shelby Cobra GT500, Convertible
#31 of 556 2007 Shelby GT 500 Mustang
Apr 23, 2006 (12:17 pm)
Orders are now being accepted. No pricing is available yet. Production on this car starts June 5th, 2006.
Ford is releasing both coupes and convertibles side bt side. They were going to release convertibles about six months later after the coupe, but decided to put both out at the same time.
Also, the coupe will have racing stripes over the top and on the side. Convertibles will NOT have over the top stripes and on the side only.
You can have the option to delete the stripes if you choose.
We are a dealer. We will get two. They are both sold! We turned down $20k over MSRP from another Ford Dealer to buy our allocation! We sold ours at MSRP plus $750 over on each to cover the $1,500 fee charged buy Ford to enroll to get this car!
A lot of these will sell for $75k. Anything less than that is going to be a good deal! Whether you like it or not, they will sell out at a premium because there are more buyers for this car than there are cars being built to meet the supply and demand.
Also remember one important thing. The dealers do not set the pricing on these. YOU, THE PUBLIC DOES! If NO ONE was willing to pay a premium the dealers would have no choice but to sell them for less. But is YOU the general public, that sets the pricing on these based on supply and demand and the willingness to pay the extra money to get one!
#32 of 556 Re: Ordering GT 500 2007 [starboardside]
Apr 23, 2006 (12:33 pm)
You will get your deposit back if they are selling it to you for $10k over MSRP, but you gladly agreed to $10k over dealer cost???
And just how much do you think dealer cost is in relation to MSRP??? Dude, you're talking about $2k from cost to MSRP! So you are saying you'll pay $10k over cost but not MSRP and will get your deposit back over a measly $2k difference between cost and MSRP??? LOL
Apr 24, 2006 (12:37 pm)
"LOL" all you want. First off, I am a vehicle dealer (not Ford), and there is no way the margin on a $40,000.00 product is only $2000.00, but this is totally beside the point. I am not sure where you get that I said anything about dealer cost, as it is not mentioned in my post. My post says clearly that I will not pay $10,000 over MSRP, which has nothing to do with dealer cost. I agreed over 1 year ago (March 30th, 2005, $10,000 down payment) to buy one of these cars sight unseen at MSRP, and the salesman agreed to this. Now, this salesman has quit, and the deal has changed. Plainly, and simply stated, I will not pay $10,000 over MSRP. I will wait until they are sitting on the lot, or buy one used, just like I did my current 03 Cobra. 03 Cobras also started out with Dealer Added Markup, but cooled off later. The Cobras were discounted, and had large factory incentives at the end of 2004/beginning 2005 model year.
#34 of 556 Re: Paying over MSRP [starboardside]
Apr 24, 2006 (5:19 pm)
On a 2004 GT Convertible that stickered at $31,500 the margin was only $2,000.
I just looked up a 2006 GT Convertible that stickers at $34,855. Invoice $32,171. That's only a $2,684 margin. I suspect the Shelby won't have much more margin than that.
As far as waiting until they are sitting on the lots, good luck! This isn't like buying a Cobra. The Cobra was built for many years. The Shelby is only being built for two years with approx. 8000 units per year. Only about 16,000 total units over two years and that is it. The demand is extremely high on this car and most have deposits on them already and have been spoken for. You will not see any sitting on a lot down the road and I doubt you will ever see a rebate on this car like the cobra had.
And buying a used one will still cost you as much if not more than MSRP. Used 2005 GT Mustangs have selling close to what MSRP was. Resale on these have been high. Partly due to the fact you couldn't get one and a lot of those in 2005 sold for $3k - $5k over MSRP because Ford couldn't meet the demand. Now there are a lot of 2006 GT's around so resale should cool off some on the 2005 used, but they are still getting a good price on them considering what the used 03 and 04's got.
Since most if not all 2007 Shelby's will be sold out quick, resale will demand a premium. Especially when you have new car dealers offering to pay $20k over for your allocation.
Over 228 million people over the age of 16 in this county and only 16k units to go around between them all. You do the math. That's ONE unit to every 14,250 people over the driving age in this country. So they only need one person for every 14,250 that is willing to pay whatever price to get this car.
Of course, that doesn't account for any dealers that plan to keep one for themselves. About 4,000 Ford Dealers in the US. So if only half keep one or sell one to an employee that leaves only 6,000 units to go around to the public.
And like I said earlier in another post, most dealers will only get ONE of these. Every dealer has to pay Ford $1,500 as an enrollment fee to get one, plus buy special tools at what ever cost that will be, plus buy display materials required to be displayed in the showroom at whatever cost that will be. So a dealer only getting one of these would be lucky to break even if they sold theirs at MSRP! The margin is gone and eaten up in the fees and cost of tools and materials required to enroll in this.
Apr 24, 2006 (10:02 pm)
I'll buy a Vette before I pay anything over $40k for a Mustang.
#36 of 556 Re: Raped no matter how you look at it...... [killjoy]
Apr 25, 2006 (4:43 am)
Well fellas tell me something why is the new chevy camaro better than the mustang its better in just just a about all things with the 07 shelby gt 500 dont believe me check it out on chevy web site.
#37 of 556 Re: 2007 Shelby GT 500 Mustang [shelbydude]
Apr 27, 2006 (3:18 pm)
Well shelbydude, I just my call from the dealer to place the order, the kids woke me up Yelling Mom (the dealer) is on the phone. Wow I have waited like forever.
I believe your posts, have read them all, the numbers will be limited and with Mr. Shelby's age, these are THE LAST ORIGINAL SHELBY COBRAS TO BE BUILT AND APPROVED BY THE MAN.!!!!! So with the money Ive had down, now my verbal order is placed, dealer is saying we've bumped you to number 1 on our list, also hearing the same as you said the tools, sending mechanic for certification on the cobra, hearing but not remembering where, svt dismantling due to internal problems, these cars are CHEAP, one only has to watch Barett Jackson auctions to know this statement is true. and with the production of the gt 40's coming to an end, this car will be an instaneous collector's item. Its time to shelf the die cast model and get ready to drive the real thing. By the way Im 50 something and my son is handicapped, How much over MSRP, for my son to ride in that car and see it in the garage, THE PRICE IS REAL CHEAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
#38 of 556 Wishful thinking
Apr 28, 2006 (1:49 am)
You know, as much as I was looking forward to being given the opportunity to buy a brand new Shelby I took my 66 Mustang to work tonight and was quite excited. First drive of the new season is all ways fun. I don't begrudge anyone who has the financial backing to pay the premiums for the new Shelby's. A little jealous, but all the power to the ones who can afford it. What I don't understand is all these posts about buying chevy's or dodge's instead. Once a true Ford man all ways a Ford man. PONI 66
#39 of 556 Ford now?
Apr 28, 2006 (4:49 am)
">What does Ford have for us now with the demise of SVT other than the Mustang GT with-in a reasonable cost? At least the SVT Cobra was attainable and a great car for the money. I loved mine and was looking forward to the new Shelby. Now, I just purchased (today) an 06 GTO and it's a monster I'd have to say it would have put my Cobra to bed!
#40 of 556 Re: Ford now? [sssst]
Apr 28, 2006 (8:44 pm)
Get real dude!!! A GTO??? The resale on that car sucks, BIG TIME! Fast car? Yeah, but it looks like an oversized chevy cavilier. You couldn't GIVE that car me! Now had they nade that car retro to a REAL GTO then they would have made a WINNER! But it's a loser! I'll take a Shelby, Camero and Challenger. Those are NICE cars! The new GTO suchs!